1 Boliviano

The Banco de la Nación Boliviana was established by law in 1911 as a state-backed institution intended to centralize note issuance and end the fractured era of competing provincial bank currencies that had dominated Bolivia since the 1870s. This note belongs to the bank's inaugural series.

The printer is the genuinely unusual detail here. Cartiere Pietro Miliani at Fabriano is one of the oldest paper mills in Europe — operating continuously since the 13th century — but was not a specialist security printer in the way that Bradbury Wilkinson or the American Bank Note Company were. Bolivia's choice of a Fabriano establishment likely reflected the mill's deep expertise in high-quality cotton-rag paper manufacture rather than any conventional banknote printing relationship.